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New York, NY -- (SBWIRE) -- 01/07/2013 -- Peregrine Pharmaceuticals (NASDAQ:PPHM) shares climbed 6.30% and closed at $1.35. Zacks upgraded shares of Peregrine from a neutral rating to an outperform rating in a research report sent to investors on Dec. 27. The firm currently has a $1.50 price target on the stock. The company is a biopharmaceutical company developing monoclonal antibodies for the treatment and diagnosis of cancer.
Is PPHM Ready To Move Back To New Highs This Year? Find Out Here
Illumina Inc (NASDAQ:ILMN) slipped 1.42% and closed at $54.76 on a traded volume of 2.55 million shares. The Company has signed a definitive agreement to acquire Verinata Health Inc for consideration of $350 million plus up to $100 million in milestone payments through 2015. Verinata Health Inc is a provider of non-invasive tests for the early identification of fetal chromosomal abnormalities. Illumina will have access to Verinata’s verifi prenatal test, the broadest non-invasive prenatal test available for high-risk pregnancies after completion of the acquisition.
Is ILMN Showing Any Sign of Buy At The Current Market Price? Get Our Free Trend Analysis Here
Nationstar Mortgage Holdings Inc. (NYSE:NSM) is a non-bank residential mortgage service with a range of services across the residential mortgage product spectrum. Nationstar Mortgage Holdings Inc. ( NSM ) is +6.97 at $40.20, with 312,073 shares traded. As reported in the last short interest update the days to cover for NSM is 8.556611; this calculation is based on the average trading volume of the stock.
How Should Investors React To NSM Now? Find Out Here
PositiveID Corporation (OTC:PSID) stock climbed 22.45% to $0.0240. The company, on Dec. 20, announced it has entered into a license agreement and a teaming agreement with The Boeing Company (“Boeing”), including a license fee to PositiveID of $2.5 million. The license agreement provides Boeing the exclusive license to manufacture and sell PositiveID’s M-BAND (Microfluidics-based Bioagent Networked Detector) airborne bio-threat detector for the U.S. Department of Homeland Security’s (“DHS”) BioWatch Generation 3 opportunity, as well as other opportunities (government or commercial) that may arise in the North American market.
How Should Investors Trade PSID After The Recent Volatile Moves? Find Out Here
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